UBCFX Review 2019

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UBCFX Review

UBCFX is a newly established forex and CFD broker that is based on the islands of Saint Vincent and the Grenadines. The registered address is located at Suite 305, Griffith Corporate Centre, 1510 VC, Saint Vincent and the Grenadines. UBCFX also specializes in providing investment and personal capital management advisory services. Although just operational for a year, UBCFX is already establishing a reputation among investors for quality advisory services. The broker understands that their clients are the core of the broker’s business and strive to ensure that all clients under its care are serviced according to their specific trading needs.

UBCFX Video Review

Regulations

As a financial services provider based on the islands of Saint Vincent and the Grenadines, UX falls under the jurisdiction of the Financial Services Authority (FSA). The FSA on Saint Vincent and the Grenadines is in charge of regulating and supervising the operations of financial services providers that are based on the island in accordance to international best practices and local regulatory requirements. The objectives of the FSA is to ensure the companies under its jurisdiction contributes to the economic well being of the islands’ economy and does not bring the industry into disrepute.

Reliability

Although UBCFX was newly established, the broker has managed to win numerous awards since 2016 bearing testimonials to the high-quality services provided by the broker. For example, UBCFX was awarded the “Best FX Broker” award in 2016 by European CEO Awards. In 2017, the broker bagged 3 awards from leading industry reviewers such as World Finance, The European Magazine Awards and CNForex for being the broker with the best customer service as well as being the most promising broker in the industry.

Trading Platforms

For trading platforms, UBCFX has provided its traders with 2 main types of trading platforms, the Activ8 platform, and the SIRIX based trading platforms.

Activ8 Platform

The Activ8 platform is a web-based platform that allows traders to use live trading signals and technical indicators to help them make their trading decisions. The platform features:

State of the Art trading technology

Intuitive user interface

User-Friendly

UBC Sirix Platform

The UBCFX Sirix platform is available as a web-based version as well as a desktop platform. The main attraction of this platform is its user-friendliness and stability. It supports one-click trading and executes trades without any delays. Its key features include the following:

Advanced Charts

Fast Execution

Integrated trading tools

Social Trading capability

Apart from featuring advanced and sophisticated trading platforms, UBCFX also provided their traders with numerous other tools such as pip calculator and trading news. Traders can also view live streaming news on their trading screen to be in the know with the latest developments in the market.

UBCFX Mobile Trading

For traders who are always on the move, UBCFX has also provided them with mobile apps for the Sirix based trading platform. The apps are available for download for either Google Play store or Apple App Store

Trade Types/Instruments

As for the type of trades supported by UBCFX, you can either trade in the spot markets or in the CFDs market. The asset classes covered by UBCFX include currency pairs, commodities, stocks, energies, precious metals, and cryptocurrencies. Altogether, there are in excess of 120 different types of instruments to trade with at UBCFX.

VIP trading account features

Only by Invitation

Commissions & Spreads

To compensate for the services provided by UBCFX to its traders, the broker charges its traders a fixed spread on all the trades that they make on the broker’s trading platforms. The table below shows the typical spreads which are enjoyed by traders on the UBCFX’s platform.

Instrument

Spreads (in pips)

AUD/CAD

7

AUD/CHF

7

AUD/JPY

7

AUD/NZD

7

AUD/USD

4

EUR/USD

3

GBP/USD

4

USD/CAD

5

USD/CHF

4

USD/JPY

3

Deposits & Withdrawals Options

For the convenience of its clientele base, UBCFX has provided its traders with several payment methods. They include methods such as major credit cards, bank wire transfer and eWallets such as Skrill, iDEAL, and Neteller.

Bonus & Promotions

Currently, UBCFX does not have any offers of deposit bonuses or promotions.

Customer Support

The customer support service at UBCFX is available 5 days a week 24 hours a day. It is provided through email, live chat, and the telephone.

Pros and Cons

Pros

4 types of trading accounts

A selection of over 120 types of instruments

Multiple choices of trading platforms

Social trading supported

Cons

Spreads are higher than the market average

Relatively high minimum deposit requirement

Not regulated by CySEC, FCA or ASIC

UBCFX Q&A

Is UBCFX regulated?

Yes, UBCFX is regulated by the Financial Services Authority of Saint Vincent and the Grenadines.

Where is UBCFX based?

UBCFX is based on the islands of Saint Vincent and the Grenadines. Their registered office is located at Suite 305, Griffith Corporate Centre, 1510 VC, Saint Vincent and the Grenadines.

How does UBCFX make money?

UBCFX makes its money by charging its clients a spread on the trades that they made on the broker’s trading platform.

How do I deposit in UBCFX account?

Deposits of funds into a UBCFX account can be done through credit card deposits, bank wire transfer or eWallet transfer.

How do I withdraw money from UBCFX?

You can withdraw your funds from UBCFX through your credit card account, eWallets or by requesting a bank wire transfer.

How do I open an account with UBCFX?

To open an account with UBCFX, you need to fill up a registration form and submit it with all the requested documents for identity verification.

Is UBCFX reliable?

Ys, UBCFX is a reliable broker. They have won 4 awards since 2016 bearing testimonials to their reliability.

Does UBCFX use MetaTrader?

No, UBCFX does not use the MetaTrader 4 trading platform. Instead, they use the Activ8 and Sirix based trading platforms.

What is UBCFX leverage?

The maximum leverage offered by UBCFX is 1:200.

Is UBCFX a scam?

No, UBCFX is not a scam. The broker is registered with the FSA of Saint Vincent and the Grenadines. In addition, the broker has been operational since 2016.

How safe is UBCFX?

UBCFX uses SSL technology to secure its website ensuring all its traders have a safe and secure trading environment to carry out their trading activities.

Conclusion

From our thorough review of this newly established broker, we noted that UBCFX is able to offer its clients a rewarding trading experience with its simple and user-friendly trading platforms. They have made it easy for traders to trade the markets from anywhere around the world. In addition, they offer several types of trading accounts to ensure that trades at UBFX are able to find a trading account that will suit their specific trading needs. UBFX has also provided sufficient educational and trading support to ensure that beginner traders will be able to start trading on the right footing. Finally, UBCFX has made it possible for its traders to trade the financial markets confidently by securing their website with the latest web security technology.

User Reviews

FX Empire adheres to strict standards of user commentseditorial guidelinesto help you make decisions with confidence

Rate UBCFX

Harold Marcelline

Mar 19, 2019

1.0

Reliability:

1.0

Platforms:

1.0

Assets:

1.0

Support:

1.0

Not Good

This is a unregulated Broker, means they can disable your account and navigate the fund into their account. well Looks I am losing all the funds but only small amount, thanks to God for playing with small amount.
This is my experience but its your choice now.

O

Oghenero Oniyama

Mar 05, 2019

1.0

Reliability:

1.0

Platforms:

4.0

Assets:

1.0

Support:

1.0

You'll loose everything with their account managers

UBCFX may be good and easy to use for those who know what they're doing but an account manager I worked with Dean allowed me to loose all my funds and I followed all his instructions like he was just gambling. After loosing he said I should either add more or refer more people to the company. So they all can loose their money too? So if he can be their manager and from a trade of 5-20 dollars one can loose 500-800 dollars, I think they have to check their managers. So except u know what ure doing or get signals elsewhere because even the copy trades I saw of 120% increase had more loss than gain. So please be careful

J

Joseph M

Aug 13, 2018

4.0

Reliability:

4.0

Free Daily Trading Signals

The free daily trading signals provided by the broker is extremely useful. It helps to lessen the efforts required for your market analysis.

A

Anthony Rodriguez

Aug 13, 2018

4.0

Reliability:

4.0

Helpful Customer Support

The support service is available at all hours throughout the trading week.

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